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The S&P BSE Sensex recovered some losses after slipping over 100 points in trade on Thursday, led by losses in ICICI Bank, HDFC, HDFC Bank, ITC and Lupin.Shares of ABG Shipyard gained 4 per cent, Indian Bank was up over 4 per cent and Rallis India was down 8 per cent in intraday trade. SpiceJet surged over 5 per cent in trade. 

India's central bank said on Thursday it would reserve the
right to inject less funds via term repo auctions than notified,
saying ample liquidity in money markets had reduced demand for these short-term debt products. 

The market opened lower, tracking weakness in global peers. The Sensex fell 91.41 points to 28279.43 and the Nifty declined 24.45 points to 8565.35. About 495 shares have advanced, 278 shares declined, and 71 shares are unchanged on the BSE.

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